Expenditure, General government, Percent of GDP in Republic of Korea
Republic of Korea: Expenditure, General government, Percent of GDP was 24.32 in 2031. ▲ Rising
Expenditure, General government, Percent of GDP in Republic of Korea, 1995–2031
Source: International Monetary Fund.
Analysis
Republic of Korea recorded 24.32 for expenditure, general government, percent of gdp in 2031.
Compared with earlier readings it is down 0.1% on the previous year and up 0.9% over ten years.
Over the whole period, expenditure, general government, percent of gdp in Republic of Korea peaked at 26.68 in 2022 and was at its lowest, 13.51, in 1995.
That places Republic of Korea 17th out of 26 countries with data for 2031, putting it in the middle of the range.
The long-run direction has been consistently rising across the 37 years of available data.
Expenditure, General government, Percent of GDP in Republic of Korea, year by year
| Year | Value | Change |
|---|---|---|
| 1995 | 13.51 | — |
| 1996 | 14.04 | +3.9% |
| 1997 | 13.87 | -1.2% |
| 1998 | 16.03 | +15.6% |
| 1999 | 16.15 | +0.7% |
| 2000 | 16.02 | -0.8% |
| 2001 | 16.94 | +5.7% |
| 2002 | 15.89 | -6.2% |
| 2003 | 17.87 | +12.5% |
| 2004 | 18.5 | +3.5% |
| 2005 | 18.15 | -1.9% |
| 2006 | 18.72 | +3.1% |
| 2007 | 18.81 | +0.5% |
| 2008 | 19.1 | +1.6% |
| 2009 | 19.54 | +2.3% |
| 2010 | 17.86 | -8.6% |
| 2011 | 18.28 | +2.4% |
| 2012 | 18.82 | +2.9% |
| 2013 | 19.02 | +1.0% |
| 2014 | 18.85 | -0.9% |
| 2015 | 18.8 | -0.2% |
| 2016 | 18.51 | -1.6% |
| 2017 | 18.64 | +0.7% |
| 2018 | 19.28 | +3.4% |
| 2019 | 21.27 | +10.3% |
| 2020 | 23.66 | +11.2% |
| 2021 | 24.1 | +1.8% |
| 2022 | 26.68 | +10.7% |
| 2023 | 23.08 | -13.5% |
| 2024 | 22.53 | -2.4% |
| 2025 | 23.99 | +6.5% |
| 2026 | 25.23 | +5.2% |
| 2027 | 24.38 | -3.4% |
| 2028 | 24.39 | +0.0% |
| 2029 | 24.34 | -0.2% |
| 2030 | 24.34 | -0.0% |
| 2031 | 24.32 | -0.1% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 14.72 | 13.51 | 16.15 | 5 |
| 2000s | 17.95 | 15.89 | 19.54 | 10 |
| 2010s | 18.93 | 17.86 | 21.27 | 10 |
| 2020s | 24.24 | 22.53 | 26.68 | 10 |
| 2030s | 24.33 | 24.32 | 24.34 | 2 |
Countries ranked near Republic of Korea
- 14 Honduras 25.14 compare
- 15 Saudi Arabia 25.02 compare
- 16 United Arab Emirates 24.39 compare
- 18 Thailand 23.3 compare
- 19 Hong Kong, China 21.25 compare
- 20 Egypt 20.27 compare
More public sector data for Republic of Korea
- Arms imports 1.01 billion SIPRI trend indicator values (2024)
- Arms imports (SIPRI trend indicator values), per capita 19.5 SIPRI trend indicator values per person (2024)
- Arms imports (SIPRI trend indicator values), per unit of GDP 0.0005 SIPRI trend indicator values per US$ of GDP (2024)
- Arms imports (SIPRI trend indicator values), annual growth rate 362.84 % change on previous year (2024)
- Arms imports (SIPRI trend indicator values), gaps filled 1.01 billion SIPRI trend indicator values (2024)
- Military expenditure (current USD), per capita 919.23 current USD per person (2024)
- Military expenditure (current USD), per unit of GDP 0.0254 current USD per US$ of GDP (2024)
- Military expenditure (current USD), annual growth rate -0.4824 % change on previous year (2024)
- Military expenditure (current USD), gaps filled 47.57 billion current USD (2024)
- Arms imports (SIPRI trend indicator values), per square kilometre 2,234 SIPRI trend indicator values per square kilometre (2023)
Frequently asked questions
- What is expenditure, general government, percent of gdp in Republic of Korea?
- Expenditure, general government, percent of gdp in Republic of Korea was 24.32 in 2031, according to International Monetary Fund.
- What is the highest expenditure, general government, percent of gdp recorded in Republic of Korea?
- The highest recorded value was 26.68 in 2022.
- What is the lowest expenditure, general government, percent of gdp recorded in Republic of Korea?
- The lowest recorded value was 13.51 in 1995.
- How does Republic of Korea rank for expenditure, general government, percent of gdp?
- Republic of Korea ranks 17th out of 26 countries with data for 2031.
- Is expenditure, general government, percent of gdp rising or falling in Republic of Korea?
- Over the last ten years it is up 0.9%. The long-run trend across the full record is rising.
- Where does this Republic of Korea data come from?
- The figures come from International Monetary Fund, published as part of Expenditure, General government, Percent of GDP (9/26/2025). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 37 observations, free to reuse under IMF Terms and Conditions (attribution required).
About this data
The World Economic Outlook (WEO) database is created during the biannual WEO exercise, which begins in January and June of each year and results in the April and September/October WEO publication. Selected series from the publication are available in a database format.